Personal Insurance

Organic Wealth provide advice on a range of personal insurance solutions designed to protect your income, family’s lifestyle and assets.

Many clients have existing cover in their Super Fund or they have taken cover out personally which hasn’t been reviewed for many years and they are unsure whether it’s still appropriate and good value for money. We will review any existing cover and make sure our clients understand what they have and why, that it’s competitive, properly structured and covers the things that are important to them.

Life Cover

If you have people who depend on you being alive to produce income or you would like debt repaid in the event of your death, then you need a life insurance policy. Life insurance provides a lump sum payment upon death or terminal illness.

Total and Permanent Disability Cover

Total and Permanent Disability cover pays a lump sum benefit if due to sickness or accident you are Totally and Permanently Disabled and unable to work in your ‘Own’ occupation (preferable definition) or ‘Any’ occupation (less preferable and the most common type) for which you are suited by training, education or experience.

Critical Illness / Trauma Cover

Trauma or Critical Illness Insurance pays a lump sum if you are diagnosed with a trauma condition such as Cancer, Heart Attack or Stroke. Around half of all Australians aged over 30 will suffer at least one of the seven health conditions that can lead to long-term disability and, consequently, a long-term loss of income.

Income Protection Cover

People often overlook their most valuable asset, their ability to earn future income. Income protection insurance pays up to 75% of your annual income, in monthly benefits, to cover your expenses and protect your lifestyle should you become unable to work. It’s important that you obtain a quality policy that’s tailored to your occupation and employment situation so you receive cover specific to your unique circumstances.

Child Cover

Affordable peace of mind.

Caring for a child with a serious illness not only causes enormous emotional strain, it can also place severe financial stress on the family. Child cover can be a solution to the financial aspect, so parents can focus on their child, provide emotional support for each other and not have to be distracted by work and other commitments. Child cover is available when a child reaches age 2 and can be converted into an Adult Policy from age 15-23, depending on the insurer, without underwriting.

Your Personal Wealth

At Organic Wealth we recognise the advantage of investing any excess income and capital into repaying debts and growing your wealth. This will also mean that your insurance cover should be reviewed and potentially reduced as there becomes less of a ‘gap’ that needs to be covered. Reviews can also be beneficial in reducing your insurance expenses when your premiums will otherwise be increasing as you get older.